It simply seems like Ian and Neil are content with being trigger happy on continual capital raisings to now fund operations. Previously their goal had been to minimise dilution which has been achieved to date and something i noted as a great achievement by TRF/IFE.
Hence why I am concerned at the apparent 'need' to raise capital to fund a stage 2 DFS when we are planning to be cashflow positive at that time?
Also within the AGM they have stated how much capital they plan to issue, but there is no mention at all on the potential costs of the Stage 2 DFS. It also states the capital will be raised with professionals and sophisticateds.
In my view, Ian and Neil are showing a real lack of concern or respect for the shareholders that have funded their pay packets since floating. The issue of performance rights and capital raising is going to dilute the little guy and feed the gluttonous mouths of Ian, Niel and their sophisticated buddies.
If TRF is allowed to vote, i have no doubt's whatsoever that all resolutions will get through. Even without their vote theres a high chance it will get through.
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